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Plug-in EV sales expected to grow by 62 per cent in US in 2016

A new report from Navigant Research assesses plug-in electric vehicle (PEV) sales and populations in the United States and Canada, providing detailed geographic breakdowns of PEV sales and scenario-based forecasts. During the next few years, significant growth is expected in the North American PEV market. In 2016, growth will be driven by sales of the Tesla Model X, the second-generation Volt, and by the introductions of the Chevrolet Bolt 200-mile range battery electric vehicle (BEV), the Prius Prime pl
July 8, 2016 Read time: 2 mins
A new report from 7560 Navigant Research assesses plug-in electric vehicle (PEV) sales and populations in the United States and Canada, providing detailed geographic breakdowns of PEV sales and scenario-based forecasts.

During the next few years, significant growth is expected in the North American PEV market. In 2016, growth will be driven by sales of the Tesla Model X, the second-generation Volt, and by the introductions of the Chevrolet Bolt 200-mile range battery electric vehicle (BEV), the Prius Prime plug-in hybrid electric vehicle (PHEV), and the 4962 Mitsubishi Outlander PHEV later in the year.

“The long-range BEV under US$40,000 is a marked achievement in the industry,” says Scott Shepard, senior research analyst. “This development is expected to significantly increase PEV adoption past the one per cent penetration rate it has struggled to surpass in all but a few markets.”

Since the PEV market launched in 2011, sales have been concentrated on the US West Coast, but a group of eight north-eastern states is likely to see PEV sales increase considerably as automakers stress BEV deployments and marketing efforts to comply with the region’s mandates for PEV production. According to the report, PEV preferences vary significantly by U.S. region, and consumers in the Northeast appear to demand significantly higher vehicle capabilities and range requirements.

The report, Electric Vehicle Geographic Forecasts, provides an update to the model results published in Navigant Research’s Electric Vehicle Market Forecast report, with a specific focus on North America. The study assesses PEV sales and populations in the United States and Canada and provides detailed geographic breakdowns of PEV sales by U.S. state, core based statistical area (CBSA), Canadian province, and Canadian census metropolitan area (CMA). Forecasts are provided under three scenario conditions (conservative, base, and aggressive), alongside results from Navigant Research’s annual Electric Vehicle Consumer Survey.

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